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Iva & ppi
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Hi everyone im just looking for some advice please.
My other half had an IVA about 12 years ago or so he paid it for a year or 2 maybe then he moved over to live in germany with his family in the army.
He stopped paying it as he thought he would be out there forever, he moved back to the UK about 9 years ago and hasn't paid a penny back since and has had no correspondance from them either as they dont know his address.
One of his friends recently got paid out a few thousand pounds from PPI even though he never actually paid back his credit cards... i have no idea how?
But now my other half is thinking about putting a claim in as well... my question is if he does will the IVA people find him and make him pay it back? or if he is successfull will the money go to the IVA people or him directly as it has been so long since he stopped paying.
Sorry for the long post but im a little worried as this was all before i met him and now we have a baby so dont want to open a can of worms with this
Many thanks if anyone could advise please!
My other half had an IVA about 12 years ago or so he paid it for a year or 2 maybe then he moved over to live in germany with his family in the army.
He stopped paying it as he thought he would be out there forever, he moved back to the UK about 9 years ago and hasn't paid a penny back since and has had no correspondance from them either as they dont know his address.
One of his friends recently got paid out a few thousand pounds from PPI even though he never actually paid back his credit cards... i have no idea how?
But now my other half is thinking about putting a claim in as well... my question is if he does will the IVA people find him and make him pay it back? or if he is successfull will the money go to the IVA people or him directly as it has been so long since he stopped paying.
Sorry for the long post but im a little worried as this was all before i met him and now we have a baby so dont want to open a can of worms with this
Many thanks if anyone could advise please!
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Comments
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The lender should check and send it directly to the IP, or offset it against the unpaid debts.
I don't know what sort of action would be taken against him when the IP finds out he's tried to grab the money for himself, but it's probably not a risk worth taking for no likely gain.0 -
Would go towards the IVA.
Best to keep quiet all round.0 -
Ok thank you both i shall show him this and hopefully he will decide against it!0
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He would of probably been partitioned for bankruptcy and now off his record. No point in chasing PPI now as it would go to the O.R.
Also on a moral point - don't chase it.0
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